Gold did move up to 3247 resistance but failed to break it yesterday. Price has hit the resistance for 4 times and gave a rising triangle pattern. It seems the market is pressing toward breaking the resistance.
I also identified the trend line as shown in the chart. As long as the trend line is valid, gold should stay bullish.
I am looking to buy when 3252 is broken. Targeting 3310.
However, if the trend line is broken, the setup is invalid.
I also identified the trend line as shown in the chart. As long as the trend line is valid, gold should stay bullish.
I am looking to buy when 3252 is broken. Targeting 3310.
However, if the trend line is broken, the setup is invalid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.